Eagle Global Advisors LLC Lowers Stock Holdings in Orix Corp Ads $IX

Key Points

• Eagle Global Advisors LLC reduced its stake in Orix Corp Ads by 21.2% during the second quarter, now holding 313,165 shares worth approximately $7 million.
• Analysts have adjusted their rating for Orix Corp Ads from a "strong-buy" to a "buy" based on recent performance.
• The company reported an earnings per share (EPS) of $0.65 for the last quarter, surpassing estimates and contributing to a net revenue of $5.21 billion.

Eagle Global Advisors LLC trimmed its position in shares of Orix Corp Ads (NYSE:IX - Free Report) by 21.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 313,165 shares of the real estate investment trust's stock after selling 84,335 shares during the quarter. Eagle Global Advisors LLC's holdings in Orix Corp Ads were worth $7,052,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC boosted its holdings in Orix Corp Ads by 388.5% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,270 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 1,010 shares during the period. Brooklyn Investment Group boosted its holdings in Orix Corp Ads by 132,800.0% during the 1st quarter. Brooklyn Investment Group now owns 1,329 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 1,328 shares during the period. Farther Finance Advisors LLC boosted its holdings in Orix Corp Ads by 234.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,563 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 1,096 shares during the period. Wayfinding Financial LLC purchased a new position in Orix Corp Ads during the 1st quarter valued at about $34,000. Finally, Brentview Investment Management LLC purchased a new stake in Orix Corp Ads during the 1st quarter worth about $37,000. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Orix Corp Ads from a "strong-buy" rating to a "buy" rating in a report on Friday, August 22nd.

Orix Corp Ads Price Performance

Shares of NYSE IX opened at $26.63 on Friday. The stock's 50-day moving average is $25.35 and its two-hundred day moving average is $22.44. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.76 and a quick ratio of 1.72. Orix Corp Ads has a 1-year low of $17.75 and a 1-year high of $27.21. The company has a market cap of $30.35 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 0.99 and a beta of 0.89.

Orix Corp Ads (NYSE:IX - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.11. Orix Corp Ads had a return on equity of 9.01% and a net margin of 12.70%.The business had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.96 billion. Analysts forecast that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

Orix Corp Ads Profile

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.

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